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Gold future up 0.27 pct on global cue

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SummaryGold price moved up by 0.27 per cent to Rs 30,252 per ten gram in futures trade today as speculators created fresh positions on firm global cues.

Gold price moved up by 0.27 per cent to Rs 30,252 per ten gram in futures trade today as speculators created fresh positions on firm global cues.

At the Multi Commodity Exchange, gold for delivery in December month rose by Rs 81, or 0.27 per cent, to Rs 30,252 per ten gram in business turnover of 2,545 lots.

Similarly, the metal for delivery in February moved up by Rs 48, or 0.16 per cent, to Rs 29,933 per ten gram in 46 lots.

Market analysts attributed the rise in gold futures to a firm global trend as the dollar slid to a two-year low against the euro, boosting demand for precious metals as an alternate investment.

Meanwhile, the gold rose 0.6 per cent to USD 1,341.90 an ounce in London.

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